#electric vehicle loans

[amuleasingpl]

Discover the future of electric mobility with AMU. As a leading non-banking finance company, we offer competitive financing solutions to help you transition to sustainable transportation. Enjoy flexible loan and lease options tailored to your needs.

[revfin]

Why Are Electric Vehicle Loans Still a Charge

The electric vehicle (EV) revolution is in full swing, with car companies ramping up production and drivers eager to embrace a cleaner, more sustainable future. Yet, despite the growing popularity of EVs, securing financing can still feel like a hurdle. Unlike their gasoline-powered counterparts, EVs often come with loan rates of EV financing companies that might surprise eco-conscious car buyers.

So, why are electric vehicle loans more expensive?

Several factors contribute to this phenomenon, and it's important to understand them before embarking on your EV financing journey:

•Higher Upfront Costs: EVs generally have a higher price tag compared to traditional gasoline vehicles. This translates to a larger loan amount, which can inherently impact interest rates.

•Technological Uncertainty: While EV technology is rapidly advancing, it's still relatively new compared to established internal combustion engines. This lack of long-term data can make lenders hesitant, leading to potentially higher interest rates.

•Residual Value Concerns: The resale value of EVs is a bit of a moving target. Lenders may factor in potential depreciation when determining loan terms, leading to higher rates to offset perceived risk.

Finding the Right Charge: EV Financing Solutions

While traditional lenders might raise an eyebrow at EVs, the market is evolving. Here's where innovative EV financing companies come in:

•Specialized Focus: EV financing companies understand the unique aspects of electric vehicles and can tailor loan terms accordingly. This can lead to more competitive rates and flexible repayment options compared to traditional lenders.

•Streamlined Process: Many EV financing companies offer a streamlined application process, allowing you to get pre-approved quickly and efficiently.

•Partnerships: Look for EV financing companies that partner with EV manufacturers and dealerships. This can provide seamless point-of-sale financing, making the car-buying experience smoother.

Revfin: Your Partner in Sustainable Financing

At Revfin, we're committed to empowering independent commercial EV drivers. We recognize the challenges associated with EV financing and offer solutions specifically designed to address them.

Source Url

[techmomma]

Good news! I've bought my own car!

It's a 2012 Nissan Leaf. It is blue. It is so cute and so fun. I love it so fucking much. It's been running great for weeks (they let me drive it off the lot). It is my favorite car I've ever driven. Still waiting on the approval from the bank but my dealer is supposed to hear back on Monday or Tuesday for the loan approval.

Bad news! Went to get an anti-theft implement installed and then charged my car at the nissan port across the street and now the battery won't hold a charge! The dealer's service guys aren't in on Sunday so gotta wait till tomorrow before they can look at my car!

I also don't have insurance or even a license plate yet because I'm still waiting on the loan approval and didn't want to get those started without confirmation that the loan was approved! Because getting those when the deal hasn't been finished yet felt like a bad idea!

Fuck!

[vidyuttech]

Vidyuttech is one of the top EV Finance Company in India. We deal with commercial EVs making them affordable and risk-free for everyone by offering low-interest rates. We provide easy EMI options, battery rental plans(as low as 1 INR), a pay-as-per-use policy, assured resales of small commercial EVs, interest-free financing for battery replacements, and loans for purchasing vehicles.

[navya0kishore]

Himalaya TVS (Himaalayaa TVS) is an Authorised TVS dealership

for Bikes, Scooters and Mopeds in Bangalore. Established with an aim to offer excellent customer services to its esteemed two-wheeler consumers in Bangalore, the dealership brings modern and innovative auto services.

Offering the latest range of TVS bikes, scooters & mopeds at very attractive prices, the dealership also provides repair & other services, finance & insurance deals, exchange facilities,  quick quotes and test drive facility.

Backed by a team of highly-efficient professionals, the dealership is ready to deliver outstanding auto services and deliver a pleasant experience to its customers.

[evlelo]

Ather Energy has entered into a partnership with L&T Financing, a non-banking financial company (NBFC), which will provide customers with up to 100 percent financing of the loan-to-value of the electric vehicles offered by the company. The loan amount will be based on the on-road price of the vehicle, including ex-showrooms, Regional Transport Offices (RTOs), and insurance. Interest rates will be set based on the customer's credit profile. The loans range from 3 to 48 months in duration and the interest rate is set at 6.99 percent per year. All of these offerings have a total transaction time (TAT) of less than five minutes, and are exclusively available to Ather Energy customers.

[autopaxke]

https://expertseoinfo.com/10-tips-for-choosing-the-right-car-financing-companies-in-kenya/

[tridemobility]

Instant Loans Drive 30% Increase in Electric Vehicle Purchases in 2023- Tride Mobility

Instant Loans Spark Electric Vehicle Revolution in India

Instant loans are revolutionizing the Indian electric vehicle (EV) market with enhanced financial accessibility, driving market growth, accelerating the green mobility transition, complementing government initiatives, and creating positive economic impact. By breaking down financial barriers, these loans have opened doors for more buyers to embrace EVs, fueling market expansion and reducing carbon emissions. With synergy between instant loans and government incentives, India's EV revolution is gaining momentum, leading to job creation and economic development.

Why: Instant loans have become a catalyst for a 30% surge in electric vehicle (EV) sales in 2023, driven by the global commitment to sustainability and reducing carbon emissions.

How: These loans provide a convenient and accessible financing option, enabling prospective EV buyers to overcome the upfront cost barrier and embrace electric mobility.

Key Benefits:

Swift Approvals: Instant loans streamline the application and approval process, reducing waiting times and enabling buyers to seize opportunities promptly.

Competitive Rates: Lenders offer attractive interest rates and flexible repayment options, aligning with the long-term cost savings associated with EV ownership.

Online Accessibility: Applying for instant loans is convenient, with digital platforms allowing buyers to submit documents and track their application progress from anywhere.

Contributing to a Greener Future: Instant loans make EV ownership more attainable, accelerating the transition to sustainable transportation and reducing environmental impact.

The availability of instant loans has made purchasing an electric vehicle more feasible, driving a substantial increase in EV sales and advancing the shift towards a cleaner and greener transportation ecosystem in 2023.

Looking for more assistance with financing your EV? TRiDE Mobility provides instant loans and comprehensive solutions for finances. Visit our website or download our app on Google Play Store and Apple Store.

[loantap95]

For the vast majority of Indians, electric two-wheelers are the future of personal transportation. It is time for responsible citizens of the country and inhabitants of the planet to make informed decisions and do the right thing. Download the LoanTap app today and take the first step toward a brighter future.

https://loantap.in/blog/why-is-it-the-right-time-for-the-electric-two-wheeler-adoption/

[batboyblog]

Things Biden and the Democrats did, this week #9

March 9-15 2024

The IRS launched its direct file pilot program. Tax payers in 12 states, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, Wyoming, Arizona, Massachusetts, California and New York, can now file their federal income taxes for free on-line directly with the IRS. The IRS plans on taking direct file nation wide for next year's tax season. Tax Day is April 15th so if you're in one of those states you have a month to check it out.

The Department of Education’s Office of Civil Rights opened an investigation into the death of Nex Benedict. the OCR is investigating if Benedict's school district violated his civil rights by failing to protect him from bullying. President Biden expressed support for trans and non-binary youth in the aftermath of the ruling that Benedict's death was a suicide and encouraged people to seek help in crisis

Vice President Kamala Harris became the first sitting Vice-President (or President) to visit an abortion provider. Harris' historic visit was to a Planned Parenthood clinic in St. Paul Minnesota. This is the last stop on the Vice-President's Reproductive Rights Tour that has taken her across the country highlighting the need for reproductive health care.

President Biden announced 3.3 billion dollars worth of infrastructure projects across 40 states designed to reconnect communities divided by transportation infrastructure. Communities often split decades ago by highways build in the 1960s and 70s. These splits very often affect communities of color splitting them off from the wider cities and making daily life far more difficult. These reconnection projects will help remedy decades of economic racism.

The Biden-Harris administration is taking steps to eliminate junk fees for college students. These are hidden fees students pay to get loans or special fees banks charged to students with bank accounts. Also the administration plans to eliminate automatic billing for textbooks and ban schools from pocketing leftover money on student's meal plans.

The Department of Interior announced $120 million in investments to help boost Climate Resilience in Tribal Communities. The money will support 146 projects effecting over 100 tribes. This comes on top of $440 million already spent on tribal climate resilience by the administration so far

The Department of Energy announced $750 million dollars in investment in clean hydrogen power. This will go to 52 projects across 24 states. As part of the administration's climate goals the DoE plans to bring low to zero carbon hydrogen production to 10 million metric tons by 2030, and the cost of hydrogen to $1 per kilogram of hydrogen produced by 2031.

The Department of Energy has offered a 2.3 billion dollar loan to build a lithium processing plant in Nevada. Lithium is the key component in rechargeable batteries used it electric vehicles. Currently 95% of the world's lithium comes from just 4 countries, Australia, Chile, China and Argentina. Only about 1% of the US' lithium needs are met by domestic production. When completed the processing plant in Thacker Pass Nevada will produce enough lithium for 800,000 electric vehicle batteries a year.

The Department of Transportation is making available $1.2 billion in funds to reduce decrease pollution in transportation. Available in all 50 states, DC and Puerto Rico the funds will support projects by transportation authorities to lower their carbon emissions.

The Geothermal Energy Optimization Act was introduced in the US Senate. If passed the act will streamline the permitting process and help expand geothermal projects on public lands. This totally green energy currently accounts for just 0.4% of the US' engird usage but the Department of Energy estimates the potential geothermal energy supply is large enough to power the entire U.S. five times over.

The Justice for Breonna Taylor Act was introduced in the Senate banning No Knock Warrants nationwide

A bill was introduced in the House requiring the US Postal Service to cover the costs of any laid fees on bills the USPS failed to deliver on time

The Senate Confirmed 3 more Biden nominees to be life time federal Judges, Jasmine Yoon the first Asian-America federal judge in Virginia, Sunil Harjani in Illinois, and Melissa DuBose the first LGBTQ and first person of color to serve as a federal judge in Rhode Island. This brings the total number of Biden judges to 185

[galaxygolfergirl]

Watcher's Expenses

I didn't major in accounting: I took three classes and it grinded my brain to a fine powder. However, after graduating with a business admin degree, being a former eager fan of their videos, and from a cursory glance over their socials, there's a lot to consider in their spending behavior that really could start racking up costs. Some of these things we've already noticed, but there are other things I'd like to highlight, and I'll try to break it down into the different categories of accounting expenses (if I get something wrong, let me know. I was more concentrated in marketing 🤷‍♀️). I'm not going to hypothesize numbers either, as that would take out more time than I'm willing to afford-- you can assume how much everything costs. Anyways, here's my attempt at being a layman forensic accountant:

Note: All of this is assuming they're operating above board and not engaging in any illegal practices such as money laundering, tax evasion, not paying rent, etc.

Operating Expenses

Payroll: 25+ staff salaries and insurance

Overhead Expenses

CEO/founder salaries

Office space leasing or rent (In L.A, one of the most expensive cities in the US)

Utilities (water, electricity, heating, sanitation, etc.)

Insurance

Advertising Costs

Telephone & Internet service

Cloud Storage or mainframe

Office equipment (furniture, computers, printers, etc.)

Office supplies (paper, pens, printer ink, etc.)

Marketing costs (Social media marketing on Instagram, Youtube, SEO for search engines, Twitter, etc. Designing merchandise and posters, art, etc. )

Human Resources (not sure how equipped they are)

Accounting fees

Property taxes

Legal fees

Licensing fees

Website maintenance (For Watchertv.com, Watcherstuff.com, & Watcherentertainment.com)

Expenses regarding merchandising (whoever they contract or outsource for that)

Inventory costs

Potentially maintenance of company vehicles

Subsequent gas mileage for road trips

Depreciation (pertains to tangible assets like buildings and equipment)

Amortization (intangible assets such as patents and trademarks)

Overhead Travel and Entertainment Costs (I think one of the biggest culprits, evident in their videos and posts)

The travel expenses (flights, train trips, rental cars, etc. For main team and scouts)

Hotel expenses for 7-8 people at least, or potentially more

Breakfasts, lunches and dinners with the crew (whether that's fully on their dime or not, I don't know; Ryan stated they like to cover that for the most part)

Recreational activities (vacation destinations, amusement parks, sporting activities etc.)

The location fees

Extraneous Overhead costs (not sure exactly where these fall under, but another culprit, evident in videos and posts)

Paying for guest appearances

Expensive filming & recording equipment (Cameras, sound equipment, editing software subscriptions, etc.)

The overelaborate sets for Ghost files, Mystery Files, Puppet History, Podcasts etc. (Set dressing: Vintage memorabilia, antiquated tech, vintage furniture, props, etc.)

Kitchen & Cooking supplies/equipment

Office food supply; expensive food and drink purchases for videos

Novelty items or miscellaneous purchases (ex. Ghost hunting equipment, outfits, toys, etc.)

Non-Operating Expenses

These are those expenses that cannot be linked back to operating revenue. One of the most common examples of non-operating expenses is interest expense. This is because while interest is the cost of borrowing money from a creditor or a bank, they are not generating any operating income. This makes interest payments a part of non-operating expenses.

Financial Expenses

Potential loan payments, borrowing from creditors or lenders, bank loans, etc.

Variable Expenses

Hiring a large amount of freelancers, overtime expenditure, commissions, etc.

PR consultations (Not sure if they had this before the scandal)

Extraordinary Expenses

Expenses incurred outside your company’s regular business activities and during a large one-time event or transactions. For example, selling land, disposal of a significant asset, laying off of your employees, unexpected machine repairing or replacement, etc.

Accrued Expenses

When your business has incurred an expense but not yet paid for it.

------------------------------------------------------------------------------------------------------------------------

(If there's anything else I'm missing, please feel free to add or correct things)

To a novice or a young entrepreneur, this can be very intimidating if you don't have the education or the support to manage it properly. I know it intimidates the hell out of me and I'm still having to fill in the gaps (again, if I've mislabeled or gotten anything wrong here, please let me know). For the artistic or creative entrepreneur, it can be even harder to reconcile the extent of your creative passions with your ability to operate and scale your business at a sustainable rate. That can lead to irresponsible, selfish, and impulsive decisions that could irreparably harm your brand, which is a whole other beast of its own.

My guess at this point is that their overhead and operation expenses are woefully mismanaged; they've made way too many extraneous purchases, and that they had too much confidence in their audience of formerly 2.93 million to make up for the expenses they failed to cover.

It almost seems as if their internal logic was, "If we make more money, we can keep living the expensive lifestyle that we want and make whatever we want without anyone telling us we can't, and we want to do it NOW, sooner rather than later because we don't want wait and compromise our vision." But as you can see, the reality of fulfilling those ambitions is already compromised by the responsibility of running a business.

And I wrote this in another post here, but I'll state it again: Running a business means you need to be educated on how a business can successfully and efficiently operate. Accounting, marketing, social media marketing, public relations, production, etc; these resources and internet of things is available and at your disposal. If they had invested more time in educating themselves on those aspects and not made this decision based on artistic passion (and/or greed), they would have not gotten the response they got.

Being a graphic designer, I know the creative/passionate side of things but I also got a degree/got educated in business because I wanted to understand how to start a company and run it successfully. If they’re having trouble handling the responsibility of doing that, managing production costs, managing overhead expenses, and especially with compensating their 25+ employees, then they should hire professionals that are sympathetic to their creative interests, but have the education and experience to reign in bad decisions like these.

Anyways, thanks for coming to my TedTalk. What a shitshow this has been.

[olruggioofthetorch]

— Wait... Does Kim think Teslas are cool?

🎲🎲

Esprit de Corps [Medium: Success] — The Lieutenant is drawn to the sleek silhouette of the Tesla Motor Carriage, the silent, dignified electric engine capable of unloading up to 510 horse power onto the pavement of Revachol in all wheel drive. Maybe such a machine does not deserve the reputation that its unfortunately *vocal* CEO has bestowed upon it. Most, if not all, CEOs are morally corrupt but most try to keep their mouth shut about it.

Esprit de Corps — The Lieutenant steals many coveting glances at such motor carriages until he can no longer bear the EV shaped weight of the curiousity parked in his mind. He books a test drive of the latest model, knowing that the meager salary of a Lieutenant Detective is one that can support rent or a car loan, not both.

Interfacing — The aluminum panels of this motor carriage have been sloppily installed, evident in their refusal to create even gaps between the thin metal. The vehicle inexplicitly contains oversized touch screens, glaringly unwise in a place that regularly experiences subzero temperatures. The interior upholstery feels thin and uncomfortable, despite promises of luxury. There's a metaphor for capitalism wedged somewhere between cushions made by the lowest bidder.

Esprit de Corps — The Lieutenant notices this and the many *many* more microdisappointments that assault The Motor Carriage Loving Lieutenant's discern eye.

Kim Kitsuragi — "This thing is a piece of shit."

[revfin]

What makes a best auto loans for electric vehicle

The Indian automotive industry has turned a new leaf with rising acceptance of electric vehicles. This trend is even more pronounced in commercial vehicles, getting popular due to their environmental benefits and possibly low operation costs. High upfront costs of electric commercial vehicles make financing arrangements necessary. Here’s an insight into the key things to consider while choosing the best auto loans for electric vehicle.

Commercial Electric Vehicle Loans

Though conventional commercial vehicle loans are broadly similar, the best auto loans for electric vehicles come with some unique considerations. Lenders are still developing their understanding of the market, and terms and conditions may differ significantly.

The main things to consider:

Interest Rates: Though interest rates for commercial vehicle loans are usually higher compared to passenger cars, the interest rates for EVs are more competitive because of the government incentives and the interest of lenders in touting green technology. Source Url

[probablyasocialecologist]

Degrowth is often associated with austerity, that we have to give up all the luxuries we have. But, not everything, I would say, and we also gain something instead. So, here’s my explanation. First of all, I’m not saying, as I said, that we have to give up all the technologies. I explicitly admit we need renewable energies and electric vehicles. These are the things that we need to develop even more. So, degrowth is not about going back to nature without any kind of Zoom, computer, iPhone, and so on. But at the same time, we have to question whether we need to buy a new iPhone every two years—that’s probably excessive, and we can repair things. Or another question would be, do we really need fast fashion? Do we need so much meat consumption? I’m not saying we should all be vegans immediately. But at the same time, we can start questioning whether our level of consumption might be actually excessive, and there are some people who are actually consuming much more in an excessive way, people that are super rich. So, first, advocate reducing economic inequality because the super rich do not simply exploit workers, but also they’re quite responsible for the current ecological crisis. The top 1% of rich people are responsible for 15% of carbon emissions. So, that’s something that must be reduced. For example, I advocate banning private jets. Do we really need so many private jets? And we should probably reduce cruise ships and industrial meat production. These excessive things must be reduced. That’s my first proposal. And the second proposal is, if we give up some of those things, we will have different kinds of abundance. I argue in my book that this will be an abundance of public goods. In the U.S., for example, education is commodified, and we have to pay a lot of money to go to university, and students have loans. Also, we have to pay a lot to go to a doctor because medical care is privatized and commodified. Public transportation is poor, so we have to buy cars, and we again have to have loans and so on. So, our entire economy is commodified, and that means that we have to pay for everything, no matter how necessary these things are for everyone. And so, you need money and have to work harder, but jobs are precarious; wages are low, so you work longer hours, and when you still don’t have enough money, you have little time to spend with your family and friends, and so you’re unhappy. So, my proposal is in a degrowth economy, all those basic services and goods must be decommodified. Education should be free. Medical care, public transportation, electricity—all these things should be as cheap as possible. And then you don’t really have to work so hard, and you don’t have to worry so much about your housing, future, and applications. These are the things that can make you feel much more happy and secure. That kind of public abundance can actually be realized without constant economic growth. Degrowth is a kind of new radical abundance.

[mightyflamethrower]

Joe Biden polls at or below 40 percent approval. Historically, such unpopularity has made it almost impossible for a president to be reelected.

His age advances by the hour. His voice falters, his memory fades, and his gait is reduced to short steps, with his arms, winglike and in tandem, offering balance.

Biden is not so much an octogenarian as an unhealthy and prematurely aging 80-year-old. It is America’s irony that he is fit for almost no other job in the country other than President, which apparently allows for a 3-day-a-week ceremonial role while others in the shadows run the country.

So how does Biden become renominated and reelected, as polls show he is behind in almost every critical swing state on nearly every issue? Answer: not by campaigning, not by championing his record, and especially not by doubling down on his neo-socialist and now unpopular agendas.

Instead, his campaign is focused on four other strategies to beat Donald Trump.

First, left-wing local, state, and federal prosecutors are tying Trump up in court on crimes that have never been seen before and will never be again after the election. All the cases are politically motivated, with many coordinated with the White House.

Even if Trump is not convicted by blue-state prosecutors, in blue-state courtrooms, in front of blue-state juries, he will lose critical campaigning time.

Trump may end up paying out $1 billion in legal fees and fines. At 76, the monotonous days in court are designed to destroy him financially, physically, and mentally.

Biden and his operatives know that, in the long term, they may have fatally damaged the American legal system with such judicial sabotage. But short-term, they hope to destroy Trump before the ballots are cast.

Second, in his fourth year, Biden is suddenly selling government favors to special-interest voting blocs, or hoping to bring short-term relief to voters at the expense of long-term damage to the nation.

For elite college students and graduates, there are now billions of dollars in student-loan cancellations, despite a Supreme Court ruling declaring such targeted contractual amnesties illegal.

For consumers, before the election, Biden will likely drain the last drops from the critical Strategic Petroleum Reserve to lower gas prices—now sky-high due to his previous disastrous green policies.

If that is not enough, Biden has ordered Ukraine not to hit Russian oil facilities to avoid panic in the global petroleum markets before early and mail-in balloting begin.

Biden will quietly jawbone the Federal Reserve Bank to lower interest rates and reinflate the economy, despite his own creation of hyperinflation that caused interest rates to rise in the first place.

He will pander to Arab-American voters in swing-state Michigan by cutting arms deliveries to Israel, even as it seeks to destroy the killers of October 7.

And if that mollification is not sufficient to win Michigan, he will suddenly slap higher tariffs on imported Chinese electrical vehicles to win back apostate union auto workers.

Three, the left learned after 2016 that the only way to beat Trump is to change the way Americans vote.

So under the cover of the COVID-19 lockdown, the left sued in critical states to reduce Election Day to a mere construct, while 70 percent of voters mailed in their ballots or voted by early, rolling balloting over many weeks.

The key was the inability to fully authenticate votes, given the old practice of showing up on Election Day and presenting an ID was declared “racist.”

Four, Biden, as he did in 2020, will outsource his campaign to the media, 95 percent of which is left-wing. Talking televised heads will claim Biden is “sharp as a knife” while focusing on Trump’s tweets, Stormy Daniels, Michael Cohen, and lurid but irrelevant testimonies that permeate Trump’s court appearances.

Trump will continue to hold weekend-long, massive 100,000-person rallies, even in blue states. Meanwhile, Biden’s fixers in the media, administrative state, and legal community will counter that even with no crowds and no campaigning, Biden can win through 24/7 nonstop “October Surprises”—all summer long.

So expect more false “Russian collusion,” “laptop disinformation,” and “January 6 insurrection” hoaxes and their new replacements designed to smother the airwaves with salacious scandals nonstop.

Biden’s fading tenure is similar to the last sad months of Woodrow Wilson’s second term, when in 1919-20, the country was assured that a bedridden president was somehow hard at work, even as his wife, doctors, and handlers kept everyone else away.

Biden’s keepers do not seem to care about the president’s own failing health or his dismal polls. They discount his rare, anemic, and disastrous public appearances. They laugh off the huge Trump rallies. And they certainly could care less about the bad optics of pandering to special interests at the expense of the country or the damage done to the American legal and balloting systems.

Instead, Bidenites believe they can reelect an unhealthy, unpopular, and unsuccessful president by any means necessary.

And they may be right.

[justinspoliticalcorner]

Ilana Berger at MMFA:

The Biden administration is cutting car pollution and incentivizing automakers to produce electric vehicles. Right-wing media repeatedly misconstrued these efforts, falsely claiming they were attempting to take away voters’ gas-powered cars or forcing them to buy electric vehicles. No such federal mandate exists. Yet now the Trump-Vance campaign has adopted this false claim.

Harris has supported efforts to expand access to electric vehicles during her time as vice president, but that did not include a federal mandate

The EPA finalized a tailpipe emissions rule in March, but it was not a mandate. In March, the EPA established tailpipe emissions standards for the auto industry in a bid to slash greenhouse gas emissions. According to NPR, “The EPA rules are not written as an EV mandate or a ban on the sale of gas cars. … Instead, the EPA sets standards that apply across an entire fleet – meaning an automaker still can make vehicles with higher emissions, as long as they also make enough very low or zero-emission vehicles that it averages out.” [NPR, 3/20/24]

E&E News clarified that “there is no EV ‘mandate’ from the administration, although President Joe Biden and Vice President Harris have backed a series of climate policies that seek to incentivize the production and purchasing of EVs.” [ E&E News, 9/3/24]  

The New York Times also wrote of the EPA rule that it “does not mandate sales of electric vehicles, and consumers can still buy and drive gas-powered cars.” [The New York Times, 3/20/24]

The Inflation Reduction Act allocated billions toward supporting the adoption of EVs through tax credits, loans, and funding for charging networks, critical minerals, and battery manufacturing. Harris cast the tie-breaking vote that passed the Inflation Reduction Act, which created $47 billion in EV investment on top of tax credits and loans. [Atlas EV Hub, 9/2/22; accessed 9/6/22; Twitter/X, 8/7/24]  

Harris also oversaw parts of the Infrastructure Investment and Jobs Act that distributed funding to school districts for electric buses and to states for EV charging stations.The act, also known as the Bipartisan Infrastructure Law, provided $7.5 billion to build a network of charging stations, and $900 million of that went to the electric school bus initiative. [AP News, 12/13/21; Spectrum News, 5/29/24]

Donald Trump’s campaign has echoed right-wing media lies about electric vehicles, such as falsely insinuating that Kamala Harris and the Democrats want to eliminate gas-powered cars and that they have issued an EV mandate (when no such thing exists).